Uncategorized

It is significant to learn where online gambling is in today’s highly commercialized world. This is not an easy discussion and will require us to expend time and effort if we were to seek enlightenment on this matter. But this knowledge is relevant for beginners, players, and casinos themselves. For instance, such information can give you a perception of gambling, not only in the country but in the entire world. Statistics can give you information regarding the kind of gamblers casinos have and the overall gambling behavior of the populace. If you are an interested online gambler, you should keep yourself updated to the latest news.

Looking at the General Picture of the Online Gambling Realm

At the present, gamblers around the world are flustered at the approval of the Unlawful Internet Gambling Enforcement Act (UIGEA), which prohibits Americans from gambling games online and which seems the most pressing issue concerning the gambling public. Nonetheless, the bill targets only the American citizens and the US gambling and casino market. But the implications of this law spread globally. One of the notable effects is the higher stringency in money transferring procedure and banking options in gambling sites. This started in 2007 though in a vague, confusing manner. The outcome is the closure of online gambling sites as a result of reduction of stocks brought about by diminishing market as the US bans its people to join online gambling. Gambling sites outside United States also forbids registration of US players. Indeed, the effects of UIGEA travelled beyond the bounds of America, affecting worldwide gambling industry, impairing more casino sites than it ought to be.

Gambling on the Internet

So, you may want to check out how gambling is prospering in other nations which have continued the tradition of gambling. American gamblers are not entirely banned from joining the gambling sites and that should be clear. Some states still allow people to gamble despite the presence of UIGEA, which is not fully implemented across the nation. More countries around the globe are promoting casinos to compensate the dire slump in the US casino market. These countries include Barbuda and Antigua in the Caribbean area, where online gambling has been long successful and flourishing. The Caribbean has some of the best licensed online casinos whose boom has been due to low taxes and speedy transactions. Of course, apart from this Caribbean country, there are more countries that allow online gambling and online casinos to operate, such as France, Australia, South Korea, and Germany. These countries have long seen the economic advantage of supporting this kind of market.

Future of Gambling

The stability of both land based and online casinos is a subject of continuing debate. There is much discussion regarding the real economic benefits of promoting casinos and letting them thrive in the commercial scene. There is also an argument regarding the pros and cons of having them around and whether the benefits outweigh the disadvantages or is it the other way around. Nonetheless, experts believe that online gambling and roulette are sure to be around for a while and that this industry remains prosperous no matter what.

It was 1994 in the tiny island country of Antigua and Barbuda, a certain law was passed which made the location a legal jurisdiction, allowing it to issue gambling licenses. This law paved way for online gaming and until today, most gambling companies would base their business in the country to utilize their license.

The gaming software came years before the commencement of online gaming. An Isle on Man-based software company called Microgaming developed the first fully operational online casino software which gave birth to many online gambling sites. Whereas Cryptologic, an online security software company, provided the indispensable software which made internet transaction safe, secure and workable. By 1995, the first online casino was launched.

Like many things that did not have a smooth start, the launch of online gambling also met many obstacles. One major problem it met along the way was the legality of the trade. The very idea and concept of online gambling was opposed and resisted by many and especially in the United States. Senator Jon Kyl of Arizona for several times tried to prevent American citizens from gambling online and also promoted anti-gambling campaigns.

Recently, on September 30, 2006, the US Congress passed a bill stating the it is illegal for banks and credit card companies to process payments from US residents to online gambling companies. This bill later became a law which President Bush signed on October 13.

But although online gambling have up to now been fought against by many individuals, organizations and even the government, many are still captivated by the allure of this addiction. Thus despite all the disputes, supporters and players around the world are hooked in participating to online gambling. Most common online gambling games are:

Online Poker, or Internet Poker, is known to be partially responsible for the dramatic increase in the number of poker players worldwide. Online poker tables mostly host games of Texas hold ‘em, Omaha, Seven-card stud and razz, both in tournament and ring game structures.
Online Casinos utilize the internet to play casino games roulette, blackjack, pachinko, baccarat and many others. Internet casinos may also be divided into three groups according to their interface: Web based casinos, Download-based casinos, and Live casinos. Web based casinos are played without the need to download software for playing games. Plug-ins must be installed in the browser to accommodate such games. Download-based casinos require clients to download software in order to play and wager on the casino games offered. The software connects to the casino service provider and handles contact without browser support. Whereas Live-based casinos allow online players to play and interact with the games played in real world casinos. In this setting, players connected online could see, hear and interact with live dealers at tables in casino studios around the world.
Online Sports Betting, where there are a variety of sporting events that a player could wager over the internet like fixed-odds gambling. Wagering or betting could be done through Bookmakers, spread betting firms and betting exchanges.
Online bingos are also available via the internet. Also for Mobile gambling, there are now developments in the utility of wireless and cellular devices in gambling notwithstanding the raucous debates for gambling online.

There are a lot of important reasons to recognize the state of online gambling in the world. Similarly, it can consume you plenty of time and money, for you will have to do an exhaustive inquiry about the topic. Knowing the advantages will differ from reason to reason, because it relies on your main objective. It is capable, for instance, of updating you on the latest about gambling, but your country not included. It is also capable, depending on the country’s pro or con provisions, in updating you where you can run into more gamblers. It is essential for you to know what’s new about the online gambling world, if you are declaring yourself to be a real online gambler.

General View of the Online Gambling World

The UIGEA (Unlawful Internet Gambling Enforcement Act), which is currently perhaps the worst and most glaring issue, will catch your attention when viewing the online gambling world in general. The issue really only pertains directly to the US. On the other hand, this act extends its fangs as well to the international community. Basically, UIGEA makes hard the task of transferring money to gambling sites through certain banking options. It has been valid, even though in a very unclear and ineffective way, as of 2007.

What’s the result? The closing down of online gambling sites since the stock market investments’ drastic reduction, the prohibition of a large number of players (particularly in the US) to play in online gambling sites, and having lesser places to gamble in for players in various countries. The effect of UIGEA, is seemingly, far beyond of certain US players being banned on online gambling. The community has also been affected by it in general and several sites has ended.

Specifying the Online Gambling World

You are most likely wondering what’s going-on in some countries, after a having an idea of what exactly is going on in the online gambling world. To make matters clear, the UIGEA has not stopped US players from gambling online. Truly, persistent activity exists since several US states do not prohibit people from it.

To make up for the strict measures employed by countries like the US are places that even encourage and use it as a shooting point for its prosperity. These places include Barbuda and Antigua, both in Caribbean. Online gambling has been booming on both places, for a long time already. In fact, there are many online casinos that have been licensed in Caribbean. This is because of their breezy transactions and low taxes.

Online gambling is not prohibited in several other countries along with Antigua and Barbuda. The following countries which allow this form of gambling are South Korea, Germany, Australia, and several other countries. Maybe they know its inherent potential to enhance the welfare of their countries.

Future of Online Gambling

A lot of debates about the stability of the industry have been created. The proof, nevertheless, of what is real and true already emphasizes it. In spite of the few obstructions it is now undergoing, online gambling will surely prosper and thrive. Should it come out of these trials, it will be an even stronger and more lucrative industry.

People have gambled from ancient times, like China and Rome, to the current day. You see gambling everywhere you go. People seem to enjoy their chance at lotto, sweepstakes, horse racing, poker, to name a few. If you are not in, you can not win. In today’s age of the computer, gambling has taken an added direction of being online. The method of online gambling is very popular but it can have some risks.

Here are two reasons on the Popularity of Online Gambling.

1. You can gamble from the comfort of your own home. All you need is a computer, an active internet connection and a credit card. You do not need to go out to a casino or the horse races, which is great if it is freezing outside. For casino type gambling all you have to do is open an account and try your luck.

2. Online gambling provides the same thrill and excitement as you get with traditional gambling. And it can provide every type of gambling there is.

For example:

a. betting on the National Basketball Association (NBA ) or Major League Baseball (MLB) or National Football League (NFL ) finals if you like sports. In fact for sports betting you should find a lot of professional tips to help you make a decision on which team to bet on.

b. horse racing

c. online casino websites where you can get a buzz from playing blackjack, roulette, poker or slot machines, if you are keen on casino type gambling. If you like poker, there are some online casinos that let you play poker against other online players. The good thing about this is that you can practise with virtual or fake money to get a feel of the card game first. That is the “try before you buy” thought.

Here are two Risks of Online Gambling

1. Losing a great amount of money: Online gambling is gambling and if you are not sensible then you could potentially lose lots of money. A good idea would be to set a limit of money you are prepared to lose.

2. Becoming Addicted: When you win, it feels great and the urge to bet more money is tempting. Therefore you need to pace yourself so you do not go deep into debt.

So when you are home on that wet Friday night and have the urge to gamble, online be sensible. Give yourself a limit of money you are prepared to lose and enjoy the adrenaline of your heart pumping faster as you watch that horse race, sports team or have that flutter at the roulette wheel. Just imagine you win… or your loss.